Many small firms manage their office accounts using one of the off-the-shelf software packages. These firms often have a manual trust account that uses a ledger card system. This approach is time consuming, error prone and is difficult to reconcile with bank statements.

Practice management software that includes a range of management functions plus full trust accounting functions is sometimes too costly for small firms to consider. To address this, Locus has used its 30 years experience serving the legal profession to arrive at a very cost effective trust accounting solution to make compliance easy for small firms.

Double-entry bookkeeping with the highest control standards

Locus Trust Accounting maintains double entry records and allows you to remain confident that you have access to accurate information as soon as you need it. It provides the facility you need to comply with published statutory requirements in each relevant jurisdiction.

The Locus software will warn you if you try to overdraw the clients trust ledger or you are processing transactions to draw on uncleared funds. Warnings are also given when receipting money into trust when there is an outstanding debtor.

Locus Trust Accounting is designed for simple operation, so the bookkeeper can perform these routine tasks quickly and accurately to:

	Draw cheques and write receipts to trust accounts.
	Record EFT payment details including receiving bank account information.
	Produce bank deposit forms for each bank account at the end of each day.
	Print the ledgers of idle trust accounts, print reversal reports, overdrawn reports and produce trust statements.
	Produce trust trial balances in a number of formats.
	Process trust to office transfers.

Locus Trust Accounting software allows you to maintain client trust ledgers that can be viewedor printed at any time.

As your requirements change, your firm can add additional software modules including precedents, advanced management reporting, records archive, office accounting or many other options.

You can set up your Trust Account now using the Locus software to augment your existing office accounting system. If need be, you can upgrade to an integrated practice management system later.

A special Trust Accounting package offer is available now and you will receive Locus’ usual quality training, installation and Helpline assistance at a dramatically reduced fee.

Please complete the information request form in the right hand column on this page to request more information.

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